Forex Brokers

How to Choose a Forex Broker?

Asking how to choose the best Forex broker? Find the top 10 Forex brokers and start from there! There are many forex brokers you can choose from online and each offer different features and advantages. Selecting the best one is not an easy task for a trader but there are several things to consider that can help you make an informed decision:

The Trading Platform

Your trading platform is your portal into the exciting world of forex trading. You’ll want to find a platform that is user friendly and intuitive but also powerful enough to meet all your trading needs. It’s also important that there are FAQs and visible Terms and Conditions on the broker’s site that users can find and refer to if needed.
Most forex brokers offer demo accounts so you can always given their trading platforms a try before signing up for a real account.

Customer Service

Financial markets are highly volatile and you have very little margin to act on your decision for buying/selling. Having customer service in real time is crucial for addressing any issues with accounts, depositing and taking out your money. Reputable forex brokers have at least two ( or more ) channels for communication, such as live chat, e-mail and international phone number.

Assets

Base your selection of a forex broker on their asset basket. Some limit the number of currency pair they trade to the most popular ( EUR/USD, AUD/USD, USD/CAD, GBP/USD, USDCHF) while others include commodities as well ( gold, silver, oil, etc.) Reputable forex brokers diversify their asset offerings to give traders greater choice.

Regulation

Regulation is one of the most important factors to consider when choosing a forex broker. Proper regulation helps ensure that your forex broker is adequately capitalized in the event of trading losses, keeps your funds in secure and segregated accounts, and maintains fair dealing practices to so that your trades will be executed at the prevailing market prices. We strongly advise that you select a regulated broker with a clean regulatory record to benefit from these protections.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.